ProPetro (NYSE:PUMP) Given a $10.00 Price Target at Stifel Nicolaus

ProPetro (NYSE:PUMP - Get Free Report) has been given a $10.00 price target by analysts at Stifel Nicolaus in a research report issued on Wednesday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would indicate a potential upside of 74.37% from the stock's current price.

PUMP has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Piper Sandler initiated coverage on shares of ProPetro in a report on Monday. They set a "neutral" rating and a $7.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, ProPetro currently has an average rating of "Hold" and an average target price of $9.00.

ProPetro Price Performance

ProPetro stock opened at $5.74 on Wednesday. ProPetro has a 52 week low of $4.61 and a 52 week high of $11.17. The company's 50 day moving average price is $6.02 and its two-hundred day moving average price is $7.16. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a market cap of $595.92 million, a P/E ratio of -4.01 and a beta of 1.18.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $359.42 million for the quarter, compared to analysts' expectations of $344.36 million. ProPetro had a negative net margin of 10.60% and a positive return on equity of 2.16%. ProPetro's revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, equities analysts predict that ProPetro will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PUMP. Nuveen LLC purchased a new position in shares of ProPetro during the 1st quarter valued at $11,757,000. Sourcerock Group LLC purchased a new position in shares of ProPetro during the 4th quarter valued at $14,079,000. VR Advisory Services Ltd purchased a new position in shares of ProPetro during the 1st quarter valued at $8,634,000. Pacer Advisors Inc. purchased a new position in shares of ProPetro during the 1st quarter valued at $7,401,000. Finally, Philosophy Capital Management LLC grew its position in shares of ProPetro by 23.2% during the 1st quarter. Philosophy Capital Management LLC now owns 2,820,887 shares of the company's stock valued at $20,734,000 after purchasing an additional 531,751 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

About ProPetro

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.